Sorry Noob question here. Can only the genesis addresses mine? How do new people who want to mine join? Also this coin is only traded on one exchange. Are there any plans to get on other exchanges?

You should really read some more, so as a resume, yes, only Genesis addresses can mine, nobody else, they were given freely in an airdrop in April, the system is simple, each address have already 32000 coins in it, and with a smart contract, 1.84 MNE is made available per day, so it will take 47 years to make all available, the holder of the genesis address have the job to distribute it, and yes the distribution is done by selling it in exchanges; about the exchanges, yes there are plans to add Minereum in other exchanges, so you have to be patient.

Sorry Noob question here. Can only the genesis addresses mine? How do new people who want to mine join? Also this coin is only traded on one exchange. Are there any plans to get on other exchanges?

Over 4000 people participated in an airdrop a couple of months ago. These addresses were awarded 32.000 MNE tokens each. These tokens are locked and can't be transferred. Every genesis address has approx. 1.8 MNE unlocked every day. This is the self-mining part.

So to answer your question: only genesis addresses can mine. People still try to sell genesis addresses but this won't work, since the original owner will always have the private key and if they don't rob you now they might do so in 25 years,

You might think "thats unfair!" but think about the 72 people who got own all NXT or the 4000 people who participated in NEM and got all their tokens at once. MNE does have a lucky >4000 initial stakeholders but since MNE is coded in such a smart fashion they can't actually touch their tokens and scheme and dump on you. If you look at the current MNE rich list you won't see any whales and every genesis holder has so far aquired only ~1000 USD worth of tokens by todays market value. Looking at the volume the last couple of weeks every token has changed hands more than 3 times already so whatever still was lacking in distribution after the airdrop has been fixed since then.

MNE is currently on the to-be-added list of at least one big exchange. Since this is a new kind of token however the procedure takes a while.

The dev has a habit of silently doing their coding and posting on this thread only when there is actually something to say. They've thus far done everything they said they'd do. I spent quite a couple of years on these forums already and I've participated in dozens of launches and airdrops and ICOs and such and I must say I have a pretty good feeling about this one.

No need to believe me of course because I obviously have a stake in this

I know that i can't made a withdraw from anyxhere to my Mienreum Genesis address.

Why and how that t"s work ?What's append if I made this type of withdraw ?

Thanks.

The smart contract prevents the address to receive any MNE, if you try to make a transaction to it, it will simply show an error, as if the address doesn't exist, either way, don't do that, just send your MNE to another wallet or an exchange.

I saw someone on reddit go off about how the new ICO Bancor is similar to Minereum. Is there any merit to this? If so, does this pose an issue seeing how they have completed massive funding?

Bancor is not similar into Minereum at my perspective, I think Bancor is somewhat similar at Humaniq. Anyways, there some problems on its ICO, thats why I go away, but still its a success. That's why I am just waiting for it to hit exchanges and get some as well.

yeah bancor isn't like MNE but more like shapshift..but it can be profitable for MNE.

Meanwhile in the Bancor thread, people are slowly waking up to the fact that they tossed 150 million dollars into the pockets of an elaborate corporate scam.

This next service has not yet been announced publicly and was not initially part of our roadmap plans, however, after the Token Creation Service is live we will reveal more details. The service is intended to bring Minereum to the common people, rather than only to the crypto community. The Minereum forum and Twitter account will have updates when new services are released.

This coin really caught attentions for it is the only coin that mined itself without the needs for those expensive mining tools and electricity costs, these are the two factors that will make this coin into the mainstream.

Someone asks how is this coin any different from others. They reference that only a certain number of people can mine and of those people who can mine, they also obtain a certain number of coins each day. To some people this scares them off. I understand it was done through an airdrop so it couldn't have been more fair, but how would you further persuade them to understand the value of this coin? On the steemit post about Minereum this is one of the comments and they seem to be turned off by this.

It seems that only the Genesis Addresses (a total of 4268 address) can mine Minereum. I hope I am wrong, but it looks like if you did not get on the Genesis Address Collection list on April 14 or April 15 then you are out of luck for mining.

This coin really caught attentions for it is the only coin that mined itself without the needs for those expensive mining tools and electricity costs, these are the two factors that will make this coin into the mainstream.

How exactly are those two factors appealing to anyone except the 4000 or so genesis address owners?

This coin really caught attentions for it is the only coin that mined itself without the needs for those expensive mining tools and electricity costs, these are the two factors that will make this coin into the mainstream.

How exactly are those two factors appealing to anyone except the 4000 or so genesis address owners?

They don't, is like how mining bitcoin would be appealing for common folk, the token has a distribution system that reduces inflation, and makes it stable, so this is a token for the creation service, for pump and dump, for trading and for buying once tokencard, tenx goes live.

This coin really caught attentions for it is the only coin that mined itself without the needs for those expensive mining tools and electricity costs, these are the two factors that will make this coin into the mainstream.

How exactly are those two factors appealing to anyone except the 4000 or so genesis address owners?

They don't, is like how mining bitcoin would be appealing for common folk, the token has a distributino system that reduces inflation, and makes it stable, so this is a token for the creation service, for pump and dump, for trading and for buying once tokencard, tnex goes live.